So dad ordered a box of 1,000 half dollars ($500) from BOA. Coins came wrapped in Loomis bank rolls. I told him that once I got $28 in half dollars from the same bank and got a 1964, 1967, and 1968. 1,000 half dollars later, not a single silver. And I only managed to fill up 5 spots in my folders. Moral: don't get bank-wrapped rolls because they're likely sorted through to remove any and all silver.
@hotwheelsearl I don't know that Loomis has anything to do with the fact that your father didn't find any silver. I used to order two boxes of half dollars from my BoA branch every week for about five years, when I discovered that some coins which had been marked with a black felt pen started to reappear from week to week. When I mentioned this to the head teller (who ordered the boxes for me) she said that it didn't come as any surprise since BoA had regional storage facilities to supply change for all of the banks in that region, and the only time that rolls would be ordered from the Fed was when their supply ran low. Since half dollars were rarely used by anyone (except maybe us collectors!) the supply never ran low. They continued to recirculate over and over again. By the way, if I recall correctly, Wells Fargo delivered to BoA branches in our area, not Loomis. So, maybe your Dad just happens to be in a region that rarely needs to be resupplied from the Fed. Chris
Sounds about right... I always wondered why people stopped using half dollars. Anecdote: a couple of years ago I bought some ice cream with half dollars and the cashier (high school or maybe college aged) was like "uh... are these quarters?" We had silver in our eyes but all he got was a couple more silver hairs Oh well, looks like the local shopping center will be getting a MASSIVE influx of half dollars in the coming weeks hehe
Out of the thousands upon thousands of dollars in Kennedy Half Dollars that I used to order from my bank, there were many times when no silver was coughed up. There were also times when I could not believe the amount of silver I received. During times tough times, folks are prone to cash in their stores of coins. Some folks separate the silver while others cpuld not care less. I recall one incident where my wife noticed, through the drive thru window which was large enough to view darn near the entire length of teller positions, that some woman was turning in multiple bags of Kennedy Half Dollars. She called me, I drove to the bank and purchased $993 dollar in Kennedy half follars. When I asked the teller if she'd reminded this woman that there was siler in the clear plastic bags, she said yes and that the woman had responded that she just wanted to be rid of them. She did not want to take the time to go through each one. That ended up with me pulling 10 full rolls of 40% Silver coins out in addition to lots of 90% coins. The bags ended up being a little short in actual counts but I still walked away with a $1,000 profit just because some one did not want to take the time. I was in the right place at the right time. The moral of the story is "If you don't look, you'll never see" as conditions are constantly changing. On the other hand, I've stopped ordering Kennedy's from my current bank simply because: A. There was just not enough silver B. I got tired of looking for CnClad Varieties which, although once popular, were getting more and more difficult to sell. Even Graded. For what its worth, I pulled a bunch of silver from bags while I lived in Colorado and a bunch of Varieties from living in California. Another thing to consider is the many Native American Casion's still use Kennedy Half Dollars to pay $1 black Jack bets. As such, they always have a considerable supply on hand.
Isn't that like saying you struck out with two girls therefore moral don't go out with girls? Why don't you try two more boxes? These are free dates, you get your money back when you strike out, what more do you want?
Was just a little disappointed that out of a THOUSAND coins, not a single silver. Then again, my expectations were tainted by the time I got 3 silvers form 56 coins. So there's that
Win some lose some. Not everything's a winner but sometimes you score. That's what everyone's trying to tell you. Now, if you get another 4-5 boxes with no silver it's time to take a roadtrip
How often do you discover silver in everyday pocket change? In my experience it's a fairly rare occurrence, and many, many thousands of coins have certainly passed through my hands since the last time I stumbled upon one (in each denomination - the last, a war nickel, was about four years ago iirc). Moral of the story is that it all depends on how one looks at it. Digging through 1000 halves may have seemed like a sure bet, but 1000 coins in real life without silver isn't outside the norm these days.
1 guy complaining about 1 box with no silver? Don't want to read about it. He needs to take 5 minutes and read the roll searching thread. Guy has no idea of the process.
It all depends on the rolls... I've had very little luck with LOOMIS rolls in general for all denominations, and much better luck with the "N.E. String & Son" rolls... Fortunately my bank rarely gets LOOMIS coins... Out of the 940 LOOMIS halves I've gone through so far, I've netted no silver, and exactly ONE NIFC... Customer wrapped rolls are very hit or miss... best to go small banks for them... with larger banks, it's not uncommon for the bank tellers to buy them and go through them and then return them to their boxes.
I stopped 2 years ago, after 100 oz, and at least 5 of my own marked coins. It was not because we were not finding anything, it was just because it was only 1 of 6 that we found anything. I started filling albums, got to 8 full for the most part. It got so bad that we could almost grade them in 1 second....it was fun but I do not think I would have the patience anymore...........oh and $2k a week for 2 years...about $1.50 an hour but it was good quality time with the wife. 3 Bennies and she even got a Walker...I never did that and I roll searched in the 80's.
As a first box, it was definitely pretty fun. Filling folder holes and replacing with better ones reminded me of my admittedly not-so-distant youth. But... not sure I would do it again. Once we spend all of these halves - maybe...
I apologize and take your criticism. I was operating off a high of getting a 5% hit rate in a pile of halves and was dejected when I didn't even get one. In any case, I've now learned that I got better things to do with my time like cleaning the car, touch-up paint, weeding...
I did halves bank rolls while they still were willing to order me halves. I found silver in every other box I searched. The last box I did for halves had 2 Benjamin's and 3 40% Kennedys
